The minimum requirement under the Road Traffic Acts is Third Party. However, we would recommend Comprehensive cover which would normally include (subject to certain terms conditions & policy excesses)
- Damage to your own vehicle
- Malicious Damage
- Windscreen Cover
- Third Party Property Damage
Where you are carrying third party goods for Hire & Reward you must ensure the USE of the vehicle covers you for Hire & Reward and you must have the appropriate operator's license.
Drivers - Whilst you can opt for any driver which provides greater flexibility, if you are able to work on a named driver basis, this normally proves to be more cost effective.
Do not assume that all policies are equal!
For example, with regard to the trailer cover, some policies may not give full detached cover; some policies provide more limited cover for hired or borrowed trailers.
For hired trailers, you are probably liable to continue paying hire all the time a trailer is off the road awaiting repair following an accident. The cost to you is not covered under the motor policy, but there are other ways of providing you with cover in this respect.
Premium: Normally operators running up to 5 vehicles will be underwritten on a 'no claims bonus' basis with each vehicle earning its own discount.
Fleets premiums will be based on the overall, if claims experience.